9th Aug 2019 09:53
(Alliance News) - Drug maker Indivior PLC said Chair Howard Pien bought USD37,336 worth of shares on Wednesday this week and another USD36,975 worth on Friday.
In the Wednesday deal, Pien paid 74.6725 US cents per share for 50,000 shares in the drug maker and on Friday he paid 73.59 cents per share for another 50,000 shares. This lifted his total interest to 146,219 Indivior shares.
Non-Executive Director Peter Bains also bought shares, paying 60.699 pence each for 54,000 shares in a deal worth GBP32,777. The 54,000 shares represent Bains's entire holding.
Shares in Indivior were up 1.6% at 59.32p on Friday morning.
The deals follow Finance Chief Mark Crossley's USD46,290 purchase of 63,291 shares on Tuesday this week.
At the end of July, Indivior recorded a 12% decline in pretax profit for the six months ended June 30 to USD166 million from USD189 million the year before. Net revenue slipped 13% to USD454 million from USD524 million. This was due to the weak performance of Indivior's opioid addiction product Suboxone Film.
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